9 Charro WayFairfaxCA94930
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Fairfax at 9 Charro Way, Fairfax, CA, 94930 offers $6,616/mo rent that, after a $4,302/mo payment, leaves $333/mo cash flow. Total monthly income is $6,616/mo, and annual cash flow is $3,999/yr on $289,191 cash. Return on cash invested measures 21.44% in year one, and rental yield stands at 9.03% at a $879,000 entry. Equity gained on principal adds $5,672/yr while 5% annual appreciation compounds into $242,851 by year five. Five-year ROI records 112.31% and total cumulative return in cash reaches $324,786. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,616/mo property income versus a $4,302/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1972
4,321 sqft lot
$N/A/sqft
$630 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94930, Fairfax, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,972 (100%) |
| Owner Occupied HU | 2,494 (62.8%) |
| Renter Occupied HU | 1,225 (30.8%) |
| Vacant Housing Units | 253 ( 6.4%) |
| Median Home Value | $1,274,714 |
| Average Home Value | $1,360,223 |
Housing Distribution
Address Breakdown
Residential
3,801
Single Family
3,402
Multi-Family
399
Businesses
250
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Listed by: Melann B Mushet • Coldwell Banker Realty
Mls Name: BAREIS
Mls Provider:
Mls ID: #324056100
Disclaimer: Listing information deemed reliable but not guaranteed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All Right Reserved.